Yannis Stournaras, a member of the Governing Council of the
European Central Bank (ECB), stated on Thursday that it is imperative for the
ECB to initiate a decrease in key interest rates in the near future.
He also
dismissed the notion that the ECB should wait for the Federal Reserve to cut
rates before doing so, as reported by Bloomberg.
Additionally, Stournaras
emphasized the importance of avoiding overly tight monetary policy and
advocated for two rate reductions before the summer recess.
